Naira at ₦1,379.80/$1 official rate; parallel market buys ₦1,385, sells ₦1,400 in Lagos, Abuja

The Nigerian naira traded at ₦1,379.80 per US dollar at the official Nigerian Foreign Exchange Market on Tuesday, June 30, 2026, according to Central Bank of Nigeria data. The rate stayed within the ₦1,370–₦1,380 band seen in recent sessions. In the parallel market, also known as the black market, the dollar bought for about ₦1,385 and sold for around ₦1,400 in major hubs such as Lagos and Abuja, based on rates from market trackers and currency dealers.

This exchange rate level means importers face higher costs for goods priced in dollars, which can feed into inflation and squeeze household budgets. Travelers, students abroad, and those receiving remittances also get less naira for each dollar converted. Businesses that rely on imported inputs may see margin pressure unless they can pass on costs.

If you need foreign exchange, check the official NFEM rate first, as it is typically better than the black market. Consider timing purchases when the naira shows strength, and use authorized banks or bureau de change for transparency. Keep an eye on CBN announcements and market liquidity, as shifts in dollar demand or supply can move rates quickly.

SOURCE: https://www.channelstv.com/2026/06/30/naira-to-dollar-exchange-rate-today-june-30-2026/